Short-Term TSLA Price Movements - 2013

[mikeschuld]

Been watching this myself. The things some people do... I don't have a margin account yet so shorting isn't an option for me, but I would just love to get in while it is still being crowded with people not paying attention.

 

[AlMc]

Been trying to short TWTRQ at Fidelity...

"there are currently no shares available to short, or there are insufficient shares available to meet your request"​

None left. Kevin grabbed them all and they shut down trading

He is now a Twittanaire:biggrin:

 

[Gtoffo]

180$ here we come.

 

[likkuid]

Hilarious!

Is Twitter the type of stock that should be bought immediately for a quick rise? Ignorant to how that works—companies going public & the base stock price that goes along with that, I mean.

 

[hockeythug]

How stupid is this:

Top Tickers Trending

$TSLA: Tesla (TSLA) rallied 2.4%, but the stock is poised for a significant weekly decline following the circulation of the video. However, analysts have generally maintained their upbeat outlook on the electric-car maker. "Although this incident will likely weigh on near-term sentiment, we do not expect this to derail near-term Model S orders and delivery momentum,"
Craig Irwin at Wedbush wrote in a note on Thursday.

$TWTR: Twitter Inc., the microblogging company that allows users to enjoy their 15 seconds of fame in 140 characters, filed for an initial public offering on Thursday, setting the stage for the most watched tech IPO since Facebook Inc. (FB) went public in 2012. Twitter is looking to raise up to $1 billion via the stock offering.


Meanwhile, Tweeter Home Entertainment Group Inc. (TWTRQ) is benefiting from a case of mistaken identity with the stock up 505% in recent trade as some investors bid on the stock, believing they are buying a stake in Twitter.

Wow still at 500% high, 1500% at the peak!!!
Go short it, guys!

It would be like impossible to sell now though right? Or are people still buying at those prices?

 

[kevin99]

Ha my bell rings again. Past $178, picking up steam! Too good the chart is showing, doing everything the book says it would do.

Haha my bell rings yet again! Past $180. I am having a home run with my $170 call expired today!

 

[bareyb]

So what does everyone think? This is nuts no? Holy crap! What a ride...

 

[Clemsons2k]

LOL at the twitter confusion. Thats golden.

 

[kevin99]

It would be like impossible to sell now though right? Or are people still buying at those prices?

You are right, the bid/ask is $0.00 and $.25.. , lol, what a joke! :biggrin:

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Been trying to short TWTRQ at Fidelity...

"there are currently no shares available to short, or there are insufficient shares available to meet your request"​

Man you did really try it?! hahaha... why not!

 

[sub]

If there was a way to short that tweeter stock that seems like the most guaranteed win possible. I took a look lol.

 

[kevin99]

Haha my bell rings yet again! Past $180. I am having a home run with my $170 call expired today!

Taking off from $180? Do I sense a SpaceX launch? Or is $180 where it ends? I am pleased either way.

Have a good shot of making a Tezillionaire day, I am not kidding at all.

 

[Convert2013]

Happy to see everyone happy. Back to TSLA being on fire rather than Tesla being on fire...now all we need is this monkey on our back Govt Shutdown to go away followed by TSLA earnings for the real TSLA fire.

 

[gameon]

it is pretty solid pattern that it will reach back to where it was before crash incident (not totally there but close enough)

 

[Lump]

Did they halt tweeter?
bid/ask is $0.00


yup, halted

 

[bareyb]

I wonder if certain people feel kind of stupid today... You know who you are.

ETA: Sorry to gloat. That's probably bad form... but SCREW YOU HATERS!!!! $180.00 here we come.

 

[sleepyhead]

I wonder if certain people feel kind of stupid today... You know who you are.

ETA: Sorry to gloat. That's probably bad form... but SCREW YOU HATERS!!!! $180.00 here we come.

I wouldn't start celebrating yet. There are still many uncertainties coming next week.

Everything looks good and those who bought stock have done really well. But I have a feeling that I will be buying options cheaper next Friday than what the prices are today.

 

[hockeythug]

Did they halt tweeter?
bid/ask is $0.00


yup, halted

Indeed.

At 12:42 p.m. Eastern time, FINRA halted trading in Tweeter Home Entertainment, having determined that “an extraordinary event has occurred or is ongoing that has had a material effect on the market for the” security, according to a notice posted on its otcbb.com website.

http://blogs.wsj.com/moneybeat/2013/10/04/shares-of-tweeter-not-twitter-halted/

 

[c041v]

But I have a feeling that I will be buying options cheaper next Friday than what the prices are today.

Calls or puts?

 

[Convert2013]

I wouldn't start celebrating yet. There are still many uncertainties coming next week.

Everything looks good and those who bought stock have done really well. But I have a feeling that I will be buying options cheaper next Friday than what the prices are today.

Level headed thinking. I think today's rally is the market wave. Next week we will see if we get a TSLA rally or not depending on findings from this week's incident.

 

[destroid]

My portfolio is almost back to where it was when we were at $194, and I didn't even play the down turn well. I kept a lot of my calls throughout the turn and also still have a decent chunk of cash for more buying so I didn't fully invest. Amazing to see that it's back even though the stock is still $18 off its highs.

I also did not play it super either.
But thanks to following this board and understanding how the TSLA 10 day moving average looks like a sawtooth wave that bounces off the 20 day moving average and tops out at a difference of 8-10 allowed me to hedge in a number of ways.
I was predicting a drop to 170-175 within the week

* Sold off most of my long calls on the run up except December 170s that I got on sale during the Sept 9 drop to 160
* Sold off some bull call spreads I bought on the run up
* Bought some OTM Oct 160 puts on the way up. Could have waited and bought them cheaper but I was targeting 185-190 as the peak. This secured gains in my core stock and covered some downside risk. I also had the plan to use these as the lower leg of a bull put spread if there was a big drop. The amount of the drop would let me choose which high strike put to sell.

So early this week I was mostly cash, long stock and puts.

Then the "Fire sale" started

* I was hesitant to buy too many calls due to the very high IV, so bought in moderation
* Picked up some more stock at 172
* I sold some of the Oct 160 puts for a profit
* Sold Oct 175 puts to create bull put spreads combined with the Oct 160 puts. The idea is that the 160 and 175 puts expire worthless and I keep the premium difference from selling the 175 puts when IV drove the price high during the drop.
* Sold some longer term bull put spreads at strikes that I'm very confident will be exceeded by the end of the year.

Now if we can break and hold $185 or so before Q3 ER I'll be very happy...